Bedrock
Development agreement

Santa Barbara County, CA

Agenda ReadySanta Barbara County, CA
4/ 5
High impact
Bedrock impact score
Action type
Development agreement
Asset class
Multifamily / Residential
Status
Agenda Ready
Filed
2026-07-01
Jurisdiction
Santa Barbara County, CA
Days on record
31 days
Aerial view of Santa Barbara County, CAApprox — jurisdiction center
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01Investment highlights

Why this deal matters

  • Development agreement in Santa Barbara County, CA · Multifamily / Residential
  • Bedrock impact score 4 of 5 — High impact
  • Execution of this affordable housing covenant and preemptive right locks in long-term affordability restrictions and county clawback rights on CP Land Investors' project
  • Critical intelligence for any buyer, lender, or competing developer eyeing this site.
  • On the municipal record 31 days (filed 2026-07-01)
02Deal summary

The rationale

Execution of this affordable housing covenant and preemptive right locks in long-term affordability restrictions and county clawback rights on CP Land Investors' project — critical intelligence for any buyer, lender, or competing developer eyeing this site.

Santa Barbara County Board of Supervisors is considering approval of an Agreement to Provide Affordable Housing and Rental Restrictive Covenant and Preemptive Right with CP Land Investors LLC for a housing development in the Second District, with associated CEQA exemption.

03Deal facts

The filing record

Jurisdiction
Santa Barbara County, CA
Action type
Development agreement
Asset class
Multifamily / Residential
File number
#26-00661
Applicant
CP Land Investors LLC
Status
Agenda Ready
Filed
2026-07-01
Days on record
31 days
04Location

Where this sits

Approximate — centered on the jurisdiction (no exact street address on file).Esri World Imagery
Santa Barbara County, CA
34.70000, -120.00000 · approximate (jurisdiction center)
Area demographics

Santa Barbara County

444,895
Population
$78,925
Median HH income
148,309
Households
$1,596
Median rent
U.S. Census · ACS 5-year
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-07-01
    31 days on record
  2. Scored by Bedrock
    Relevance 4 / 5
    Automated land-use signal
  3. Current status
    Agenda Ready
    Live municipal record
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